Gate News, April 7, Nasdaq-listed company AVAX One Technology (AVX) announced progress on its AI infrastructure strategy. The company has signed a FEED package for a 10MW AI/HPC microgrid data center, located in Alberta, Canada. Leveraging the region’s low-cost natural gas power resources, it aims to build high value-for-money, scalable dedicated AI computing infrastructure. The project is led by BlueFlare for design and is set to become one of the first AI computing centers in the local area. Meanwhile, the company invested less than $500k to buy 220 Bitmain S21 Pro mining machines, increasing Alberta’s computing power from 150 PH/s to over 200 PH/s. This move serves as a transitional cash-flow source during the AI center construction period, implementing a two-track strategy of “mining + AI computing.”
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